Significant changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws are coming into effect from 1 July 2026.

These changes expand the existing AML/CTF regime to cover a broader range of businesses and service providers who provide high risk services, act as intermediaries or are involved in handling or facilitating significant transactions. As a result, many businesses that have not previously been subject to these obligations may soon be required to comply with new regulatory requirements.

For many of our clients, this may be relevant where your business is involved in activities such as property transactions, business sales or acquisitions or managing business structures. Industries impacted include accountants, real estate agents and brokers, buyer’s agents and property developers, legal professionals and dealers in high value goods (such as precious stones).

Given the scope of the reforms and the potential impact on day-to-day operations, it is important for affected businesses to start becoming familiar with the new requirements now. Early awareness will assist in allowing sufficient time to understand obligations, review existing processes, and implement any necessary changes ahead of the commencement date.

Further information is available on the AUSTRAC website: https://www.austrac.gov.au

We recommend reviewing this information to determine whether your business may be regulated under the new regime.  If you believe it will be, we strongly recommend taking proactive steps now to ensure your business is well prepared for the transition.

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